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BlackRock Admits ESG Investments Pose Business Risk as Republican AGs Ramp Up Scrutiny
BlackRock identified its Environmental‚ Social and Governance (ESG) investment strategy as a risk facing the company‚ due in part to the increasing political scrutiny surrounding the practice‚ in a year-end 2023 filing with the Securities and Exchange Commission.
“If BlackRock is not able to successfully manage ESG-related expectations across varied stakeholder interests‚ it may adversely affect BlackRock’s reputation‚ ability to attract and retain clients‚ employees‚ shareholders and...